Recent content by pomo

No, if you are granted the LTR visa overseas income is fully tax exempt. If you are here on a regular retirement visa, still only what you transfer to Thailand is taxable.

Not as far as I know. Only workaround I can think of would be to "work" for one of those umbrella corporations for a year, but the overhead will be significant (cost of Non-B visa, their fee and tax on minimum salary), most likely 500-600 USD per month.

depends on which currency you track your portfolio in. if it's Turkish lira 30% may even be low :)

Interesting, I would be quite surprised that an EP would be granted just because you put down 100k as share capital. I haven't tried to apply since 2019, but then they asked for plans to hire locals, investments etc. and it took quite a long time to get it issued. From what I've heard it's even...

Tax residency is not directly related to visa. Spending 180+ days in the country per calendar year will make you tax resident no matter which visa you are on, including Elite. Read first section here for authoritative source, no need to ask agents or elite.

There's also the opportunity cost of what you could earn keeping it in USD and other investments. Also consider how much you want to remit to Thailand, if any tax on that and how much. Personally, I went with elite until I reach 50 as I calculated it was "cheaper". After I may try the LTR...

Right, that's a special case of the wealthy pensioner category (#2) so comes with the 50 year age requirement as well.

to qualify there are basically three options (I excluded one which involved working for a Thai company as it doesn't have the tax exemption): Show $1M+ funds and invest $500k in Thailand Be over 50 years and have $80k/y in passive income Have $80k/y in active income from a publicly listed...

If you have been paying in to SS for one year you can continue as a member even if you leave your employment. Granted, you still have to pay the ~500 thb per month but it shouldn't matter what visa type you have. That gives you access to public healthcare, for what it's worth. Maybe a decent...

If you have any other suggestions I'm all ears. I'm currently leaning towards Thailand as I might do some occasional consulting and that could be kept non-remitted, i.e tax-free. I should be able to live off pre-2024 savings that can be brought in tax free, at least for a couple of years.

As a single guy I'm not looking for a house or villa, just a 2BR flat would be enough. There does seem to be a decent supply of those in that price range, even in larger cities like Valencia. Thanks, this is valuable information! If I need to maintain private insurance in Spain it's again less...

I didn't consider this in my calculations but the difference will definitely compound over time! I thought about doing some part-time gig, and I would definitely be more comfortable doing it in Thailand rather than Spain. Non-remitted funds are still tax free in TH. I looked at ED but it may...

That makes sense but as a visitor/tourist you don't really deal with bureaucracy, tax and hospitals, which is why I'm looking for some feedback. I did spend about 9-10 months over the last decade in Spain and close to five years living full time in Thailand, so I'm happy with the general...

If income is taxable even on elite, does it make sense to pass it through an umbrella corp on a work visa instead? The tax rate would be the same and it would allow you to apply for PR after three years (and access to social security whatever it's worth).

that should last me a bit using cash savings but selling stock would make it cap gain income that year I assume? Maybe will be possible to be out half a year every now and then and bring in a chunk to live on for the next few years. Thanks for the exhaustive answer. Universal healthcare is not...